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Mark Zuckerberg: 'I Just Want to Build Good Stuff'

NEW YORK (
TheStreet) -- Speaking for the first time publicly since the IPO,
Facebook(FB - Get Report) CEO Mark Zuckerberg addressed a slew of issues at
Tech Crunch Disrupt, including the freefall in the share price, the opportunity in mobile and search, Zynga's woes, and whether the company would build its own phone.

Hosted by
TechCrunch co-founder Mike Arrington, Zuckerberg was in front of over 3,000 people as investors, developers, media and others wanted to know about the long-term viability of the company.

The Facebook co-founder and CEO first addressed concerns about the 50% decline in shares since the
IPO in May. "Obviously the performance of the stock has been disappointing," Zuckerberg said.

He spoke at length about mobile, which is how Zuckerberg wants the company to be viewed over the long-haul, given the tremendous growth the company is seeing in its mobile users. Here's a recap of Zuckerberg's highly-anticipated interview:

He noted that the work done since abandoning HTML5 for native (apps as we know them) is so much cleaner and faster, especially the iOS app for
Apple(AAPL - Get Report), as well as the app Facebook has for
Google's(GOOG) Android.

"On iOS and Android you do so much better just by doing native work, and we needed to do that."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

Arrington asked Zuckerberg if he coded anymore given that he's the CEO of a multi-billion corporation, and noted that he still "codes for fun on the side, but out of respect for other folks, I don't code for the main branch anymore." He also said, "Everything I do breaks, but we fix it quickly."

The
Instagramacquisition was brought up, and why the Facebook did it when they already had their own mobile camera app.

"Let's say we build a phone, theoretically, we could get maybe 10 million people to use it.It doesn't move the needle for us."— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

He mentioned all the companies that are building hardware (it's unclear whether he meant phone or tablet, though they were talking about phones) and mentioned Apple, Google,
Samsung and
Amazon(AMZN - Get Report) as hardware companies.

He touched on the relationship with one hardware maker, Apple, which Facebook already has a strong relationship with. He noted that eight out of the top ten iOS apps are already integrated with Facebook, and the company can go really deep with its iOS integration, as well as Android. Apple announced Facebook integration into iOS 6, its next mobile operating system at its
developer conference in June.

Touching more on mobile, he noted a particular interesting fact about how he spends his time.

"It's just really clear the stats and my own intuition... you can share more and checkin more with mobile."
#TCDisruot— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

"We just think that's the future.We're going to do killer stuff with that, others will to."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

Moving away from mobile, Arrington asked about Google+ and whether that "pissed him off." Zuckerberg shied away from that, but did talk about search, which he thinks is an "interesting opportunity" for them.

"Search is interesting.We do on order of a a billion inquiries a day, and we're not trying."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

"I think that there's a big opportunity for us, we just have to find it."— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

"We're doing a lot of stuff on search, but I don't have anything specific to announce."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

The conversation then moved away from search to the desktop platform, notably its partner
Zynga(ZNGA - Get Report). "Zynga's had a rough few quarters," Zuckerberg said, before noting that they're "fundamentally a strong company, but they've lost some share on our platform."

He said that the Facebook platform shouldn't be about building apps inside the platform, but the real value is when information is brought back to the apps. "
Spotify is killing it.
Airbnb is doing a lot of interesting stuff. Nike+ is doing interesting stuff.
RunKeeper," were cited as examples of apps that are benefiting from information outside Facebook's social graph.

The conversation wrapped up with Arrington asking Zuckerberg if he was still having fun and whether Facebook was being underestimated. He noted he was having fun, but it's more about the mission than having fun.

"I would rather be in the cycle where people underestimate us.I'd just rather be underestimated."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

"I think a bunch of people are
underestimating us
. There's a huge amount of stuff that we're working on."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

"I just want to build good stuff.When u look back 10, 20 years ago, the legacy of this company should be connecting everyone."
#TCDisrupt— Chris Ciaccia (@Commodity_Bull)
September 11, 2012

Facebook shares jumped on the back of Zuckerberg's comments, gaining 3.5% in after-hours to $20.11 in heavy trading.

Interested in more on Facebook? See TheStreet Ratings' report card for
this stock.

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